The Securities and Exchange Board of India (SEBI) has granted approval for initial public offerings from seven companies across sectors including logistics (Shadowfax Technologies), jewellery (PNGS Reva Diamond Jewellery), renewable energy (Rayzon Solar Ltd.) and asset reconstruction (Asset Reconstruction Company (India) Ltd. – ARCIL). The approvals mark a healthy pipeline for India’s primary market amid investor selectivity and valuation checks. The companies now move to finalise issue size, pricing and timeline ahead of listing. Activity is expected to lift the capital-markets sentiment going forward.